According to an articles posted by RIA Novosti on September 12th, due to Russia lowering taxes on foreign imports and with the upcoming international sports competitions such as the 2016 International Ice Hockey Championship and 2018 World Cup, the lighting fixtures market is expected to grow by 50 percent in 2020 compared to 2012. EUR $2.2 billion should increase to EUR $3.6 billion. This market is attracting much attention from investors.
Source:
http://www.ledinside.com/news/2013/9/increasing_russian_lighting_demand_expected_to_increase_revenue_by_2020
